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Microeconomics > 1.2)Scarcity, Choice & the Allocation of Recourses > Flashcards

1.2)Scarcity, Choice & the Allocation of Recourses Flashcards

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Microeconomics (49 decks)

1.1)Economic Methodology, Activity and Recourses

1.2)Scarcity, Choice & the Allocation of Recourses

1.3)Production Possibility Diagrams

2.1)Consumer Behaviour

2.2)Imperfect Infomation

2.3)Behavioural Economics

3.1)Demand Curves

3.2)Supply Curves

3.3)Market Equilibrium

3.4)Price, Income & Cross Elasticity of Demand

3.5)Price Elasticity of Supply

4.1)Productivity and Productivity

4.2)Specialisation

4.3)Diminishing Returns

4.4)Costs of Production

4.5)Economies & Diseconomies of Scale

4.6)Long Run Average Costs

4.7)Marginal, Average & Total Revenue

4.9)Technological Change

5.1)Market Structures

5.2)The Objectives of Firms

5.3)Perfect Competition

5.4)Monopolistic Competition

5.6)Monopoly & Monopoly Power

5.7)Price Discrimination

5.8)Competition & Competitive Market Processes

5.9)Contestability

5.10)Market Structure, Efficency & Recource Allocation

5.11)Consumer & Producer Surplus

6.1):Labour Demand

6.2)Labour Supply

6.4)Trade Unions

6.5)National Minimum, Maximum & Living Wage

6.6)Discrimination

7.1)Icome & Wealth Distribution

7.2)The Lorenz Curve & Gini Coefficent

7.4)Policies against Poverty

8.1)The Market Mechanism

8.2)Market Failure

8.3)Public, Private & Quasi Public Goods

8.4)Externalities

8.5)Tragedy of the Commons

8.6)Merit & Demerit Goods

8.7)Market Imperfections

8.8)Government Interevention

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